5th & 6th Generation (2002-2006 & 2007-2011)Toyota Camry Discussion for years: 2002-2006 & 2007-2011
Topics of discussion range from fuel economy, safety, modifications, performance all involving America's favorite family car, the Toyota Camry.
Hey guys I need some advice asap. So my insurance company is saying my Camry is a total loss... He is saying they will cut me a check for what the car is worth but that i have to surrender it "as is" That means the $4,000 + of add ons will be theres... is this true? thank guys!
Read your policy. Weight your options. They will not give you the value you are looking for so keep that in mind.
Your state will have specific regulations governing car insurance claims that are intended to protect consumers from being shortchanged by insurance companies. You can find a list of your rights in this situation by contacting your state's department of insurance. Secondly, you should look over your policy for what is usually called an appraisal clause. This clause is designed to settle disputes fairly when you and your insurer cannot agree on a value for a totaled vehicle. Typically, this clause gives you the right to an independent appraisal, which you pay for out of pocket. An independent party appointed by both the insurer's appraiser and yours then compares the two values to decide which is fair. You do not have to surrender the title to your insurance company until you've agreed on a mutually acceptable value for your car.
More information about your situation would be more helpful.
My father-in-laws diesel Mercedes got into an accident. Insurance marked it off as a total loss since the damage cost was more than what the value of the car is worth. They gave him a check and he was able to keep the car.
This is something you have to look into with your policy and more information with your insurance company. There are only certain things the interweb can help and certain things you need to get answers from specifically from your insurance company since each state has a different set of laws and handled differently. Also, different situations are handled differently as well.
You can remove all your add-ons before they take it from you, as long as it will still start-up and run. Just put some crappy steelies if you have wheels also.
When my car was totaled the adjuster gave me money for my wheels and my tint.
Call the adjuster and find out.
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2011 Camry SE || Click my car below to see my thread ||
I agree that you can remove 'add-ons' if it does not affect the operation of the car. Best to check with your adjuster though.
You can buy your car back from the insurance company for a negotiated price (if you really want it). Most of the time it is not worth trying to rebuild it yourself and you end up with what is called, in NC, a 'Salvage Title' which cuts any resale value to the bone.
Read your policy. Mine says that any "accessories or non-oem equipment" not installed on the vehicle by the factory or the dealer at the time of purchase is not covered unless it is disclosed to the insurance company when they are installed on the vehicle.
For example, I purchased rims for my last Camry, and my insurance agent just took a picture of them and made a copy of the invoice that stated the price of the rims. I was on my way in under five minutes.
I really tell people that modify their cars to check with their insurance company first- especially if they make excessive mods. When I was in college one of my friends had a riced-out Civic that was significantly lowered, custom rims, custom bumpers, fogs, spoilers, and a whole bunch of other crap. He wrecked it- and at first the insurance company refused to cover his claim due to him modifying things that had an effect on the safety and performance of the car. (being lowered and custom brake system)... They eventually covered the repair- but they would only repair the car back to Honda specifications and they repaired the car using used body panels.
He never read his policy- which states that modifications that impact the safety of the car have to be disclosed and that cars are only repaired to oem spec- not including non-disclosed accessories or mods. It also specifically says that used parts can be used. (most policies state that they can use used parts)
Good luck. I hope that you and your insurance company can work out a deal.
Hey guys I need some advice asap. So my insurance company is saying my Camry is a total loss... He is saying they will cut me a check for what the car is worth but that i have to surrender it "as is" That means the $4,000 + of add ons will be theres... is this true? thank guys!
Add-ons are not normally considered in a total loss settlement. The insurance company insures the car as it was built typically. If it's your insurance company, there isn't much room for negotiation. If it's somebody elses company paying up, you have a little more wiggle room but you'll never see the amount you spent - or even close to it.
In order to remove any accessories, you'll need to replace them with the OEM parts you removed most likely. Might be worth it.
If your mods weren’t covered on your policy, then I don’t see any reason why you can’t keep them. However, its best to check with your insurance company. I’ve noticed that way too many people let insurance agents take them for a ride. If you feel like you’re not getting the reimbursement you deserve, you must convey it to your current provider and let them know that if you’re not given your due, you’ll start looking for online car insurance quotes elsewhere. If that doesn’t work (usually tends to) you can file an appeal with your State Insurance Commissioner.
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He is saying they will cut me a check for what the car is worth but that i have to surrender it "as is" That means the $4,000 + of add ons will be theres... is this true? thank guys!
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